Understanding Individual Health Insurance Plans

2007-06-20 15:49:53

( Health )



Becoming sick is a fact of life. The usual humdrum of society can take its toll on your body. However, considering a health insurance can give you a fallback during emergency situations.

Individual health insurance plans are agreements between you and an insurance provider offering coverage in case you incur an illness or injury. The cost of coverage will, however, vary depending on the policy applied for.

The Basic Kinds of Insurance

There are basically two kinds of individual health insurance. The first variant of health insurance is an indemnity plan. In this kind of coverage, you have the option to select the doctor who would examine you. However, the consultation fee is much higher. You can apply for a comprehensive package, which includes the basic services and major medical procedures. This is also known as a fee-for-service insurance.

The second kind of individual health insurance plans is the managed care policy. Compared to the indemnity insurance, this kind of individual medical insurance limits your consultations to physicians listed in their network of doctors. The network usually includes medical facilities with their own personnel. This kind of medical insurance for individuals has a lower consultation fee than an indemnity insurance package.

Choosing the Appropriate Plan

When it comes to choosing individual health insurance plans, there are many factors that should be looked into. First, you should look for a package that provides preventive care or yearly consultations. This is important particularly if you have or planning to have kids.

In addition, your personal health is likewise a consideration when looking for an individual health insurance quote. You should find a way to save up on your money so that you can have some contingency fund when the need to spend becomes necessary.

Next, you can consider an indemnity plan so that you can schedule consultations with your family doctor or personal physician. Moreover, you might want to choose a plan that will allow you to get a referral from your own doctor before seeing a specialist.

Preparing for any eventuality is the best defense in times of emergency. With individual health insurance plans, you can have peace of mind knowing that you can always rely on your insurer to give the best protection that you can have.


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